News

Note: This section contains information in English only.
Sat, 01 Dec 2018 13:38:21 GMT

Japan's Abe calls on UK May to escape "no deal" Brexit

On Saturday, Japan's Prime Minister Shinzo Abe urged his British counterpart Theresa May to try to avoid the "no deal" Brexit.

Sat, 01 Dec 2018 13:34:29 GMT

Poland's PKN unveils plans to acquire rival Lotos

PKN Orlen, the largest Polish oil refiner, notified Brussels about its intention to acquire its smaller rival Lotos, the company announced late on Friday.

Sat, 01 Dec 2018 12:32:39 GMT

Neiman Marcus debt talks put on hold

The luxury retailer Neiman Marcus Group, which is facing a $2.8B coming due within two years, failed to reach the deal with term lenders and noteholders to restructure the debt.

Sat, 01 Dec 2018 12:26:01 GMT

Via Optronics getting ready for US IPO

Via Optronics, Germany's mobile phone parts manufacturer, is preparing to launch an initial public offering in the United States , as its owner IMI intends to make the company independent and self-sufficient.

Sat, 01 Dec 2018 11:33:13 GMT

Samsung Elec to annul $4.4B worth of shares

Samsung Electronics is planning to cancel $4.4B worth of the company's shares, seeing to complete the cancellation by December 4, the tech giant announced on Friday.

Sat, 01 Dec 2018 11:30:46 GMT

US head of China's Nio to step down

Nio Inc, the Chinese electric automaker and the main Tesla's rival, announced its US head Padmasree Warrior was planning to step down from her position, the first such a departure since its latest IPO.

Sat, 01 Dec 2018 10:35:21 GMT

Indian economic growth dips to 7.1% in second quarter

India's economic growth weakened to 7.1% in the second fiscal quarter from 8.2% in the prior quarter to a sharp decline in manufacturing, mining services and agriculture.

Sat, 01 Dec 2018 10:34:35 GMT

Spanish home mortgages increase 9.5% in September

The number of home mortgages in Spain rose 9.5% in September, compared with the period a year earlier, the INE reported.

Sat, 01 Dec 2018 09:18:38 GMT

China's firms promise to invest in Kenya to fuel country's exports

China's firms pledged to invest in Kenya to boost exports of the east African country and form partnership to manufacture products, which could compete in global markets.

Sat, 01 Dec 2018 09:17:40 GMT

EU states reject plan on digital tax

A group of the EU countries rejected a compromise plan for the EU-wide tax over digital revenues of big companies introduction, making it difficult to meet a deadline for a deal.

Sat, 01 Dec 2018 07:42:29 GMT

Swiss government opposes intention to curb immigration from EU

The Swiss government stated that it opposed an intention to curb immigration from the EU, as an agreement is likely to affect exports to the country's largest trade partner.

Sat, 01 Dec 2018 07:42:08 GMT

AT&T to cut up to $20B in debt next year

AT&T stated that it has committed to cutting the heavy debt load in 2019 through measures, including its non-core assets review such as possible sale of stake in Hulu, the streaming video company.

Sat, 01 Dec 2018 06:48:19 GMT

GameStop cuts profit forecast for full year

GameStop stated that it cut the full-year profit forecast, as the world's biggest video game retailer struggled with weakness in developers using games and launching streaming services.

Sat, 01 Dec 2018 06:46:36 GMT

Workday reports better-than-anticipated quarterly results

Workday reported its better-than-expected quarterly revenue and profit, as more firms signed up for its cloud-based finance and HR management software.

Sat, 01 Dec 2018 06:12:36 GMT

VMware's revenue grows 13.5% in Q3

Software maker VMware reported a 13.5% jump in revenue in the Q3, as the firm benefited from solid demand for software used by customers to increase cloud computing efficiency.

Sat, 01 Dec 2018 06:09:01 GMT

Fiat Chrysler to spend $5.7B in Italy to keep jobs, fill plants

Fiat Chrysler announced plans to spend more than $5.7B on new engines and models in Italy in the next three years in an attempt to boost margins and jobs and enhance the use of factories.

Sat, 01 Dec 2018 04:01:08 GMT

Tesla meets Model 3 output of 1K vehicles per day

Tesla achieved its target to produce 1K of Model 3 vehicles per day, the automotive news outlet Electrek reported, citing the carmaker's CEO Elon Musk.

Sat, 01 Dec 2018 03:59:47 GMT

Brazil's Eletrobras plans sale of distribution firm CEAL

Centrais Elétricas Brasileiras, the Brazilian state-owned power company, has set December 19 to sell its distribution unit Companhia Energética de Alagoas, the firm announced on Friday.

Fri, 30 Nov 2018 20:56:02 GMT

Bin Salman meets with Xi at G20 summit

On Friday, Saudi Press Agency said that the Saudi Arabian Crown Prince Mohammed bin Salman met with China's President Xi Jinping on the sidelines of the Group of 20 industrialised nations summit.

Fri, 30 Nov 2018 20:55:23 GMT

Marriott reveals data hack of 500 million Starwood guests

On Friday, Marriott International said that its Starwood Hotels guest reservation system has been hacked, potentially exposing about 500 million guest records.

Fri, 30 Nov 2018 20:08:14 GMT

GM CEO plans to visit Capitol Hill next week over job cuts

On Friday, the General Motors CEO Mary Barra plans to meet with the US lawmakers at the Capitol Hill to discuss the company's plans to close five production plants in the United States and Canada.

Fri, 30 Nov 2018 20:02:29 GMT

White House says Russia probe probably undermines US-Moscow relationships

The White House spokesperson Sarah Sanders said on Friday that the probe into collusion between the US President Donald Trump and Russia is likely undermining the US ties with Moscow.

Fri, 30 Nov 2018 19:10:31 GMT

Abe and Macron to discuss Nissan-Renault alliance at G20 summit

The Japanese Prime Minister Shinzo Abe and the French President Emmanuel Macron would meet at the G20 summit on Friday to discuss the Nissan-Renault future alliance.

Fri, 30 Nov 2018 19:10:01 GMT

US, Mexico and Canada sign NAFTA replacement deal

On Friday, the United States, Mexico and Canada signed a replacement NAFTA deal during a ceremony on the sidelines of the G20 summit in Argentina.

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